PT PP Presisi, unit of state-owned construction firm PT PP Tbk (PTPP), targets to raise around Rp2.5 trillion from an initial public offering (IPO) this year. The company appointed PT Danareksa Sekuritas, PT Bahana Securities, PT Mandiri Sekuritas and PT CIMB Sekuritas as underwriters. President director Tumiyana said on Wednesday (Oct 4/, beside PP Presisi, two other units, low-cost-housing developer PT PP Urban and power-plant builder PT PP Energy, will also tap the capital market in 2018.
